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Buildings in downtown Chicago
News

Limited Supply Sets Stage For Chicago Office, Multifamily Shake-Up

... trophy owners are testing the market for top-shelf assets. Blackstone is reportedly weighing a sale of the iconic Willis Tower ...

Jan 30, 2026
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A view of Willis Tower in Chicago
News

Blackstone Reportedly Weighing Sale Of Chicago's Willis Tower

... more than 1.2 million annual Skydeck visitors," a Blackstone spokesperson said in the statement.  Zurich North America recently ... , with both companies relocating within Chicago. Last February, Blackstone extended the maturity date on its Willis Tower loan ...

Jan 21, 2026
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Waterton Taps New Head Of Investments: The Chicago Deal Sheet
News

Waterton Taps New Head Of Investments: The Chicago Deal Sheet

... investment and development experience, most recently as CEO of Blackstone portfolio company Fabric Housing, which he launched in 2022. ... the former St. Felicitas Church Campus at 8400 S. Blackstone Ave. on the South Side. The property comprises five ...

Jul 22, 2025
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Willis Tower Chicago
News

Willis Tower Value Drops Below Blackstone's $1.3B Loan Balance

... .03B – about $270M less than the $1.3B balance on Blackstone's loan for the property. The valuation also represents a ... our continued belief in the strength of Willis Tower,” a Blackstone representative told Bisnow in an emailed statement. “We believe the ...

May 16, 2025
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This Week's Chicago Deal Sheet: Salesforce Tower Reportedly Nearing $610M Refinancing
News

This Week's Chicago Deal Sheet: Salesforce Tower Reportedly Nearing $610M Refinancing

... . University Ave. and a 36-unit building at 5135 S. Blackstone Ave. Kiser Group’s Lee Kiser, Kyle Sissell and Will ...

Mar 18, 2025
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Willis Tower, Sears Tower Chicago
News

This Week's Chicago Deal Sheet: Willis Tower Loan Extended

... our continued belief in the strength of Willis Tower,” a Blackstone spokesperson told Bloomberg in a statement. “The building’s ... that would result in an extension of the loan.” Blackstone Group refinanced its debt on Willis Tower in March 2018 ...

Feb 18, 2025
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This Week's Chicago Deal Sheet: Cresa Acquires Seattle-Based Project Management Firm
News

This Week's Chicago Deal Sheet: Cresa Acquires Seattle-Based Project Management Firm

... Estia Properties bought a mixed-use building at 5300 S. Blackstone Ave. for $9M. The property is made up of 24 ...

Oct 22, 2024
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Wacker Drive Office Tower Getting $30M Makeover After Loan Modification
News

Wacker Drive Office Tower Getting $30M Makeover After Loan Modification

... modification bifurcated the loan, with a new portion coming from Blackstone Group that could up the loan amount to as much ...

Jun 27, 2024
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Chicago Industrial Deliveries At Highest Level In Over 2 Decades, But Signs Of Trouble Loom
News

Chicago Industrial Deliveries At Highest Level In Over 2 Decades, But Signs Of Trouble Loom

... of Chicago’s industrial apple. In late September, investment giant Blackstone purchased four industrial properties near O’Hare International Airport from ...

Oct 25, 2023
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Sam Zell Remembered: Jon Gray, Stephen Ross Among CRE Leaders Reflecting On Death Of A Titan
News

Sam Zell Remembered: Jon Gray, Stephen Ross Among CRE Leaders Reflecting On Death Of A Titan

... in 2007, still the largest real estate deal in history. Blackstone President Jon Gray is one of several commercial real estate ... single buyer who bought any part of the portfolio from Blackstone ended up losing, because they had basically crossed the line ...

May 18, 2023
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